“Despite the most unaffordable conditions on record in many cities, along with a rebound in cost of living pressures and the prospect of a rate hike… [eventualised 4 Feb], we are still seeing a broad-based rise in housing values. The ongoing capital gains reflect persistently low inventory in the face of above-average housing demand, however…
Tag: median sales price
Looking back over the last 40 years of Australian property values, “2025 ranked 11th highest for annual growth, reinforcing the market’s historical strength,” according to property economists, Cotality. They report only six periods of decline in the last four decades (2022 was the last, following a hot covid market). And the strongest years? 1988: 31.2%…
Cotality’s Research Team reports a very strong spring-selling season nationally for 2025. Director Tim Lawless recaps the year: “…housing values have shown a strong response to the 75 basis points of cuts delivered this year. Higher home values have been supported by a boost to borrowing capacity and sentiment, but also by persistently low supply…
We’re seeing a clear rise in demand for pre-market sales. More and more buyers are enquiring about pre-market opportunities and asking to join mailing lists. A period of high interest rates and limited borrowing capacity led savvy buyers to seek out opportunities early and beat the crowds. For sellers, advertising a property pre-market to database…
Cotality (previously CoreLogic) has just released their June quarter insights. The market shows a positive inflection in national housing values since February, aligned with the first rate cut in over four years. The real catalyst, according to Executive Research Director Tim Lawless, was the anticipation of rate cuts. “We were already seeing housing values moving…
Carrington, Stockton, Tighes Hill and Hamilton were Newcastle’s top-growth suburbs over the last year, according to realestate.com.au’s article examining satellite cities outperforming their capital counterparts. MONTHLY HIGHLIGHTS: – 5 interested parties – Last sold in Sep 2020 for $5 million – Originally built in 1970; renovated in 2021; buyers plan to knock down and redevelop (residential).…
Data from REA Group shows a drop in sold volume for September, when traditionally we expect to see a lift coming into the Spring market. Across the Newcastle LGA, sales dipped to 224 in September from 244 in August and 250 in September of 2023. Other local LGAs followed suit: Lake Macquarie down to 251 from 265…